# IDG China Capital Fund III Associates L.P.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1649614. Source: https://holderbook.com/funds/1649614-idg-china-capital-fund-iii-associates-l-p/

- Reported value: $564.0M
- Positions: 2
- Weight of the ten largest: 100.0%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CIRCLE INTERNET GROUP INC | [CRCL](https://holderbook.com/stocks/CRCL/) | $557.5M | 8,902,014 | 98.9% | 5 |
| WATERDROP INC | [WDH](https://holderbook.com/stocks/WDH/) | $6.5M | 5,729,041 | 1.1% | 7 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $564.0M | 2 |
| Q1 2026 | $868.3M | 2 |
| Q4 2025 | $801.2M | 2 |
| Q3 2025 | $1.6B | 3 |
| Q2 2025 | $2.2B | 3 |
| Q1 2025 | $66.1M | 2 |
| Q4 2024 | $100.5M | 2 |